The Bank of Japan (BOJ), the Swiss National Bank (SNB), the Bank of England (BOE), the Bank of Canada (BOC), the Federal Reserve System (Fed), the Monetary Authority of Singapore (MAS), and the Bank for International Settlements (BIS) have published a report on central bank digital currencies (CBDCs)

The complex design questions and potential risks arising from the implementation of any CBDC require careful consideration, as does the evolving payments landscape. Engagement with the private sector and legislators is necessary in order to successfully meet public policy objectives and ensure a successful CBDC ecosystem. Overall, the report argues that central banks should consider CBDCs for wholesale and cross-border use cases, in order to keep up with the changing payments landscape.

The report state that contrary to the access to central bank money in digital form, discussion of wholesale CBDC tends to focus on central bank money which utilizes new technologies. Bank for International Settlements also adds that 'a foundational legal question concerns the legal classification of a retail CBDC and, for example, whether it should reflect an existing classification such as cash or deposits, or a new type of classification'

You can read the full report here